The following Bre-X-legal posts were pulled off usenet newsgroups:
This investor likely recalls Nesbitt's analyst Bianchini hyping Bre-X and making such public statements as: "I know for a fact there's more gold (at Busang). I've seen it."
Subject: Bre-X Lawsuit - Nesbitt Burns
From: DELETE_THIStpg@witty.com (Tim G.)
Date: 1997/05/05
Message-Id:
Newsgroups: misc.invest.canada,can.legal
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Here's a good way to make use of this medium...
How many out there bought Bre-X as a result of their Nesbitt Burns broker's recommendation (which he will tell you is a result of their gold analyst, (Enzio something).
Anyone starting a lawsuit naming Nesbitt first, Bre-X second?
Please email me at tpg@witty.com if you are, or want to start one.
Subject: bre-x +
From: ptomicki@uoguelph.ca (Piotr Tomicki)
Date: 1997/05/06
Message-Id:
Newsgroups: soc.culture.canada
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Subject: Bre-X lawsuits
If you want to sue Bre-X and other parties, the following information will
be helpful.
1. potential defendants
David Walsh
John Felderhof
Jeannette Walsh
Stephen McAnulty
John Thorpe
Toronto Stock Exchange (TSE)
Ontario Securities Commission (OSC)
Alberta Stock Exchange (ASC)
SNC-Lavalin Group Inc
2. lawyers.Canada
Mark Canty
Gilbert McGloan Gillis
Mercantile Centre
suite 701, 55 Union St
Saint John, NB E2L 5B7
tel:(506)634-3600
fax:(506)634-3612
Gregory Chorny, LLB
Bre-X Shareholder Rights Association
12 Alm Ct
Aurora, ON L4G 6W8
tel:(905)713-2964
Harvey T. Strosberg, QC
Gignac, Sutts Barristers & Solicitors
suite 600, 251 Goyeau St
Windsor, ON N9A 6V4
tel:(519)258-9333
fax:(519)258-9527
3. consumer-advocates.Canada
Dermod Travis
Public Interest Research Associates
4073 ave de l'Esplanade
Montreal, PQ H2W 1S9
tel:(514)281-3144
4. lawyers.USA
Milberg Weiss Bershad Hynes & Lerach
1 Pennsylvania Plaza
New York, NY 10119
tel:(212)594-5300
fax:(212)868-1229
webmaster@mwbhl.com
milberg.com
Gerald Stamell
Stamell & Schager
1 Liberty Plaza
New York, NY 10006-1401
tel:(212)566-4047
Baker & Botts
1 Shell Plaza
910 Louisiana St
Houston, TX 77002-4995
tel:(713)229-1234
fax:(713)229-1522
houinfo@bakerbotts.com
bakerbotts.com
The following item is one I posted earlier today to the main SI Bre-X thread (Bre-X, Indonesia...):
Yes the "suits" can get sued -- and may be the most likely source of financial recovery providing a solid case can be built. Looking at history, the closest Canadian parallel in recent salt jobs that went through the legal system (i.e. others like Timbuktu are just beginning that journey) -- saw the Vancouver Stock Exchange, several of its member brokerage firms and individual brokers successfully sued alongside the New Cinch principals and promoters. When the payout came the brokers coughed up substantial settlements (for the time -- today you'd have to add a few zeroes). Now those NCU brokers were guilty of underwriting the scam -- the BXM analogy would be any brokers that financed Bre-X and vouched for filings. You're going into new territory with nailing the brokerage touts who hyped the stock and were reckless or negligent in making their recommendations on their brokerage house imprimatur. But the stock brokers and money managers are the "deep pockets" to look at in any civil suit -- and the big ones can't easily run away like penny mining stock promoters can... |
